The Russian government's foreign investment commission on Wednesday approved the merger of France's Danone with Unimilk and the sale juice maker Nidan to Coca Cola.

Speaking after the commission's meeting, Igor Artemyev, the head of Russia's FAS antimonopoly service, also told reporters that Danone planned to invest 15 billion roubles ($504 million) in Russia over the next 5-7 years after announcing plans for a merger with Unimilk in June.       

Coca-Cola Co, the world's largest soft-drinks maker, applied for Russian regulator approval to buy into juicemaker Nidan Soki, earlier this year, although there were later concerns the deal may be delayed.